Global Food Additives Market Insights
The global food additives market is estimated to grow at a moderate CAGR during the forecast period. The market is primarily driven by rapid growth in the global food & beverage industry and growing applications of food additives. Manufacturers of food additives in the industry are improvising and expanding their product line according to innovations and developments in the food processing industry.
Factors such as rising demand for food preservation, concerns with respect to food safety, risk of contamination, consumer demand for better quality and significant rise in consumption of premium foods are expected to have a positive impact on growth in the global food additives market. However, complicated regulatory framework is likely to hinder growth in the food additives market up to a certain extent.
Global Food Additives Market: By Type
The global food additives market can be classified based on type into preservatives, sweeteners, emulsifiers, anti-caking agents, enzymes, hydrocolloids, food flavors and enhancers, food colorants and acidulants among others. The food flavors segment is estimated to hold the largest market share in terms of revenue during the forecast period, followed by the sweeteners segment. The flavors and sweeteners segment is projected to register a high CAGR owing to diverse flavor demands across the world. The acidulants segment is expected to grow at the highest CAGR during the forecast period.
Global Food Additives Market: By Source
The global food additives market can be segmented into natural and synthetic based on source. The synthetic source segment is expected to hold the largest market share in terms of revenue due to its easy availability and cheaper cost. The natural sources segment is projected to grow at the highest CAGR owing to growing awareness about using ingredients and additives from natural sources due to their health benefits.
Global Food Additives Market: By Application
The global Food additives market can be segmented on the basis of form into beverages, bakery, meat & meat products and dairy products among others. Application of food additives in the beverages segment is expected to hold the largest market share in terms of revenue. Food additives are used extensively for taste enhancement, food safety, appearance and texture improvement in beverages.
Global Food Additives Market: Regional Insights
The demand for preservatives is expected to be the highest in North America, followed by the Asia Pacific region. The global market is dominated by North America, followed by the European region. This can be attributed to growing awareness about nutritional food and growing disposable income of population. The Asia Pacific region is projected to grow at the fastest CAGR owing to high growth in end use industries.
Global Food Additives Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Global Food Additives Market: Share & Competitor Analysis
Some of the key players operating in the Food additives markets are Archer Daniels Midland Company, Cargill, Ashland Inc., Kerry Group PLC, Tate & Lyle plc, BASF, and Associated British Foods among others.
In October 2018, 7th Circle BV launched a range of zero-chemical additives and sweeteners.
In August 2017, Tate & Lyle launched CLARIA instant functional clean label starches with two new starch products CLARIA Instant 340 and 360.
In September 2016, Tate & Lyle started an oat ingredients facility and expanded a KRYSTAR Crystalline Fructose production at facility in Indiana in the U.S.
Avail customized purchase options to meet your exact research needs: